Barclays analyst Lauren Lieberman executed a sweeping downgrade spree across consumer staples today. The firm cut targets on six household brands showing broad sector pessimism.
EL Estée Lauder absorbed the deepest slash. Barclays dropped its target to $72 from $94 while maintaining hold. The $32B beauty giant faces persistent demand headwinds as luxury spending weakens.
PG Procter & Gamble fell to $146 from $155. PEP PepsiCo dropped to $154 from $160. KMB Kimberly-Clark slid to $99 from $105. All three retained hold ratings showing analyst caution on defensive names.
HSY Hershey saw its target fall to $225 from $240. SJM JM Smucker dropped to $103 from $125 marking a 17.6% cut. CPB Campbell's fell to $21 from $23 staying at sell.
Andrew Lazar led food sector cuts while Lieberman targeted personal care and beverages. The coordinated move signals mounting pressure on margin-compressed staples. Zero upgrades appeared among the consumer names.
GOOGL Alphabet gained modest consensus target support rising to $376 from $375. The tech giant provided rare optimism amid defensive rotation concerns.
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